Call the Top for BTC 2017?

Discussion in 'Digital Currencies' started by BuggedOut, Aug 10, 2017.

  1. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    We have a top of $6180 on Oct 21, 2017.

    That could be the one for the year if these Bitcoin forks dent the market.
     
  2. leo25

    leo25 Well-Known Member Silver Stacker

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    Looks like it might do another push up. 2 months is a long time in crypto land.
     
  3. TreasureHunter

    TreasureHunter Well-Known Member

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    Will it reach a peal and then start dropping?

    Not sure...

    It could reach 7,000-8,000 USD. And gold is stuck... If Bitcoin starts dippin', gold will start rising again.

    Could someone guess the main driving force behind Bictoin now? Just the masses "finding out" or, are there more transactions with it... or scarcity?
     
  4. leo25

    leo25 Well-Known Member Silver Stacker

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    I don't think it's new money, as new money will be too scared to touch it atm and i doubt it's got to do with "scarcity" (whatever scarcity really means with cryptos)
    My guess it's just people trying to create fake volume in order to push the price higher. You can see it's been happening for a while now, but so far it's failed to attract new money. Money has just been moving from altcoins to bitcoin and bitcoin to altcoins.

    Until there is some big economic news i can't see cryptos moving up much for a while. Everyone is just waiting.
     
  5. dozerz

    dozerz Well-Known Member Silver Stacker

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    obviously everyone is not "just waiting" otherwise the price would not be rising.

    all factors are at play its an open market and open to many contributing factors such as but not exclusive to new money entering, altcoin swaps back to bitcoin, scarcity (ethereum does not have this). recent news that china may be able to trade again have all helped https://cointelegraph.com/news/chinese-might-be-able-to-trade-bitcoin-again-soon
     
  6. leo25

    leo25 Well-Known Member Silver Stacker

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    Let me correct that "Most are just waiting"
    Stock market is rising higher then ever on reduce participation rate. You don't need more people to enter for prices to rise, you just need a lot of volume selling between a few.

    Anywho Bitcoin just hit $6200 USD so new record hit.
     
    Last edited: Oct 29, 2017
  7. dozerz

    dozerz Well-Known Member Silver Stacker

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    you could simplify it further in that large volumes are being bought. not sure how youre able to identify if its few or many participating?
     
  8. leo25

    leo25 Well-Known Member Silver Stacker

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    i forgot to mention that i know everything. ;) I was only wrong once, because i once thought i was wrong about something but later found out i was correct after all.
     
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  9. Ag bullet

    Ag bullet Well-Known Member

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  10. TreasureHunter

    TreasureHunter Well-Known Member

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    Litecoin, Ethereum, Dash are bending downwards on the charts: crash coming?

    If they behave similarly to silver on the PM market, then they could be signaling Bitcoin's next dip.

    But Bitcoin is going so well with so much power, it's hard to believe it would want to dip.
     
  11. leo25

    leo25 Well-Known Member Silver Stacker

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    man money is flowing out of alt coins and into bitcoin! NEO and OMG getting dumped. Maybe the Chinese will not reopen ICO's after all and people in the know just found out.

    EOS is rising the most atm. Maybe they got something working good.
     
    Last edited: Nov 2, 2017
  12. dozerz

    dozerz Well-Known Member Silver Stacker

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  13. leo25

    leo25 Well-Known Member Silver Stacker

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    Bitcoin $9500 AUD

    [​IMG]
     
  14. Soprano16

    Soprano16 Well-Known Member Silver Stacker

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    This run is out of control

    Half of me is saying, get in and get in now, but the other half hates the fact that I could have got in for so much less only weeks ago

    The alts are looking super juicy now, so the temptation is strong there too

    Argh, what do I do! Everything and everyone is saying go all in on BTC, and I want to, but geeez buying in at these prices is hard to do, and who knows what's going to happen after Segwit2X....
     
  15. SilverDJ

    SilverDJ Well-Known Member

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    That's the trick, this split seems "different".
    Decent summary of the scenarios here:
    https://www.coindesk.com/understanding-segwit2x-bitcoins-next-fork-might-different/

     
  16. TreasureHunter

    TreasureHunter Well-Known Member

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    It's a bubble... juicy bubble...
     
  17. barneyrubble

    barneyrubble Well-Known Member Silver Stacker

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    And then it goes and drops $600 in half an hour. Why? Because bitcoin.


    [​IMG]

    Acknowledging, that is just point in time and a longer timescale just shows continual climb.
     
  18. Soprano16

    Soprano16 Well-Known Member Silver Stacker

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    A dip is going to come, we all know that - it just cannot continue to climb forever

    Some people are predicting a dip prior to Segwit2x and some shortly after, but most are expecting that whenever the dip does in fact occur it will be the right time to buy in again as it will go back up shortly after

    Use the dip to get more BTC, because it will head back up after it
     
  19. dozerz

    dozerz Well-Known Member Silver Stacker

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    i know you guys love lines on graphs

    [​IMG]
    [​IMG]
    [​IMG][​IMG][​IMG]
     
  20. leo25

    leo25 Well-Known Member Silver Stacker

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    wow that's a very arbitrary chart. o_O completely useless.

    but i hate charts when used for future predictions.

    I remember all the gold and silver to the moon charts people would put up back in the days :)
     

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